"It is with great sadness and incredibly heavy hearts to write that Verne passed away today," said a statement on the "Austin Powers" and "Harry Potter and the Sorcerer's Stone" actor's Instagram page.
"Verne was an extremely caring individual. He wanted to make everyone smile, be happy, and laugh. Anybody in need, he would help to any extent possible. Verne hoped he made a positive change with the platform he had and worked towards spreading that message everyday," the message continued.
"He inspired people around the world with his drive, determination, and attitude. On film & television sets, commercial shoots, at comic-con's & personal appearances, to his own YouTube videos, he was there to show everyone what he was capable of doing."
"Even though his stature was small and his parents often wondered if he'd be able to reach up and open doors on his own in his life, he went on to open more doors for himself and others than anyone could have imagined. He also touched more peoples hearts than he will ever know."
No cause of death was disclosed, but the social-media post alluded to "battles" the Michigan native fought and how "unfortunately this time was too much."
Troyer was also baptized while surrounded by his family during his most recent crisis.
"The family appreciates that they have this time to grieve privately," the statement said.
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"Depression and Suicide are very serious issues. You never know what kind of battle someone is going through inside. Be kind to one another. And always know, it's never too late to reach out to someone for help."
Troyer's loved ones requested well-wishers make donations in his name to The Starkey Hearing Foundation or Best Buddies in lieu of flowers.
TMZ reported the actor had struggled with alcoholism for years and was hospitalized this month after someone called police and said Troyer was intoxicated and suicidal.
Troyer was born with the genetic disorder known as achondroplasia dwarfism.
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